"I will still be very involved [and] will be reviewing the format for the upcoming season," Macpherson told the Post. The former Sports Illustrated swimsuit issue cover girl will remain an executive producer, along with production partner Ben Silverman.

H&M, on the other hand, does not have plans to remain an active contributor to (or co-sponsor for) the show. "We have decided not to participate in the second season," and H&M spokesperson said. "It was exciting to work with all of the talented people involved, including the designers whose winning clothes sold out weekly. We wish Fashion Star success and will be sure to tune in for season two."

Whether we're more eager to see which fabulous new host will grace the catwalk, or if judge Jessica Simpson is able to achieve her Weight Watchers goal, we can't decide. But the bottom line is, we'll be tuning in!

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